HQ Homes
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$58,203$58,203$270,000
Remaining term (yrs)6.66.630.0
Secondary amount$0$211,797$0
Funding fee$0$0$0
Note rate6%6%7.24%
Blended rate6.85%7.556%7.48%
1st payment$884.52$884.52$1,840.04
2nd payment$0.00$1,367.85$0.00
Taxes / mo$200.92$200.92$200.92
Insurance / mo$150.00$150.00$150.00
MI / mo$104.50$104.50$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,339.93$2,707.79$2,244.96
Cash to close$241,797$30,000$30,000